CLEVELAND, March 27, 2024 (GLOBE NEWSWIRE) — Champ Titles, Inc., the leading provider of digital vehicle title, registration, and lien systems of record in the United States, announced today it has raised $18 million in Series C financing. Point72 Ventures led the round and was joined by existing investors W.R. Berkley Corporation, Eos Venture Partners, Guidewire Software, and Rev1 Ventures, among others. To date, Champ Titles has raised more than $45 million.
Champ Titles will use the funds to fuel its ongoing growth. Through its Digital Title and Registration Suite (DTRS), Champ partners with state governments to improve motor vehicle departments by replacing aging title and registration systems. This capital will allow the company to take on as many new clients as the market will bear.
